Inequality caused by earned income is less prevalent in the United States than inequality caused by accumulated wealth.
The unevenness of income distribution within a population is known as income inequality. The degree of income inequality increases with the level of distribution. It is common for wealth disparity, or the unequal distribution of wealth, to coexist with income inequality.
The wealth of the United States was divided as follows as of Q4 2021, per data from the Federal Reserve: 32.3% went to the richest 1% of families, while 2.6% went to the poorest 50%. Over the previous few decades, wealth inequality in the US has considerably increased.
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